Forums : The best way to learn forex

by Pips Hunter
Many brokers provide forums to help their users learn and interact with other users, experts to solve their doubts.Any one can join forums for free. Here you get many sections where you can get useful information about forex trading.You can ask questions to experts , test your strategy and have opinions from thousands of users.
I 'd suggest every trader should follow at least one forum .There are many sections in forum like for newbies,experts,technical analysis,indicators guide,new strategies,general forex discussion etc.
User can post anywhere for free.
Recently i found some of forum which pay you to post in forum . Its really great that you getting BONUS for asking doubts and solving. This bonus can be used as real money for trading . You can not withdraw this bonus but you can easily have the profit withdrawal.For each post you get $0.2-$0.3 . The bonus accumulated in whole month will be transferred to your real trading account .In a month just for posting you can have upto $100 bonus easily.
Just follow the following procedure.
  • Sign up to the forum with below links

  • You can join any/all of these as all are free.
  • Then open real account with that broker.
  • Join that account with your forum account.
  • Post in forum and accumulate bonus.
  • At the end of month this will be transferred to your trading account.
  • Trade and withdraw the profit.

This method will really help newbies to get experience on real trading account without risking their own money.If you loose then again start posting and earn bonus .... same thing again.
I will update if i found some more such forums.

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Quick overview of FOREX

by Pips Hunter
FOREX is a spot market, where foreign currencies are traded - bought and sold for profit.


FOREX is a worldwide currency speculation arena with no centralized place for trading and exchange.


FOREX is a huge market with trillions dollars turnover a day and the largest investors - banks, hedge funds, investment companies and so on.


FOREX is open to individual retail investors - Forex traders - through the services of Forex brokerage companies that provide an access to the currency exchange market and take care of buying and selling orders of their clients.


FOREX is a 24 hour market that is traded every day all year round, except for holidays.


FOREX allows trading over 150 foreign currency pairs, among which the most traded are: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, USDCAD and GBPJPY.


FOREX trading is based on technical (price charts) and fundamental (news, economic events) analysis.


FOREX is an online stay-at-home type of business for individual investors.


FOREX is an attractive financial instrument, which can be mastered by any person with any kind of education and/or social status.


FOREX is a type of market which nowadays can also be traded by automated online expert advisors without any human intervention.


FOREX is an alternative type of investment, which unlike any other investment carries one of the largest financial risks.


FOREX is a trading arena, where in order to succeed a trader needs to learn the rules of the market, its trends, moves and behavior, and be able to apply the knowledge under real trading conditions.


FOREX is difficult to trade without a trading method - a trading strategy or system.


FOREX is a fast growing industry, and by directly dealing with money it also became
a lucrative business to various scam dealers. Novice traders should be alert about any offers in Forex which sound too good to be true.


Finally, FOREX should never be associated with quick and easy money.
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11 Rules Of Successful Trading

by Pips Hunter
1) Always use stop loss , it will help you to cut your losses automatically.
2) Get of the trade once you reach the target.
3) Trade according to your strategy not with the signals and guesses.
4) Prevent from entering the trade when price is at highest top and lowest low , wait for the right entry point.
5) Never ignore the news. Before entering any position make sure there is no high impact news in opposite trend.
6) Never open the position if you have any doubt about the trade.
7) Always check out the daily trend before starting trades.
8) Never do emotional trading , control greed.
9) You just closed the trade with loss because direction was wrong, DON'T get into new trade with opposite direction. Wait and track the chart. Don't think of getting your loss immediately back. You may loose more money.
10)Search for chart patterns like doubles,head n shoulders etc.
11)Try to learn new things daily.
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What is FOREX ?

by Pips Hunter
In Simple manner FOREX (Foreign Currency Exchange) is simultaneous purchase and sale of the currency or the exchange of one country's currency for another .These do not have fixed exchange rates , always fluctuating. In forex currencies are traded in pair. Major pairs are EUR/USD , GBP/USD ,USD/CHF , USD/JPY.
FOREX is oldest and biggest market in the world .Daily turnover is more than $4 trillion.It is open 5 days (24hours).
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